Gold prices continued to trade in red territory on Thursday weighed by euro zone concerns even as lackluster U.S. economic data failed to arrest the slide. Silver prices have also edged lower in trading today. The metal is now on course to drop almost 6% for May alongside posting losses for 4 straight months since [...]
“The big thieves hang the little ones.” I cannot argue with what Matt Taibbi says here, having quoted others like Bill Black about the same situation in great detail. But in fairness to the SEC, this is hardly the case of a single regulator falling into porn-surfing indolence while they wait for another turn through [...]
To the minds of most environmentalists, the ham-hand of government is needed to protect wildlife. Private property be damned — the government must step in, otherwise every species on the planet will be hunted into oblivion, or human development will gobble up all remaining wildlife habitat, leading to the complete extinction of all species. However, [...]
May has not been kind to the metals market. The upheaval in Europe caused many investors to cut positions in gold and silver to try and stabilize their losses in both the equity and forex markets. In the short term the uncertainty is expected to temper any gold rally but long-term it could serve as [...]
– Posted Thursday, 31 May 2012 | | Source: GoldSeek.com London Gold Market Report WHOLESALE BULLION gold prices rose Thursday lunchtime in London, extending yesterday’s sharp jump and cutting this week’s 2.5% drop by more than two thirds even as the Euro currency again slipped through $1.24 for the second day running. Trading near [...]
I got some smirk comments to my tweet the other day about being short the Euro. I don’t mind the comments. I’m used to them by now. It does feel good to be on the right side of something though, notwithstanding the fear associated with being short something that is currently being held record short [...]
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Euro concerns continue to rule over the market. The rumor mill yesterday of renewed stimulus out of China was just that, a rumor. The continual upheaval in Europe is weighing on the gold and silver both as investors flee into the dollar. Physical demand for both has been tempered by a lack of price direction. [...]
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